SummaryA total of 240 people reported more than 1 million pounds ($1.36 million) each in cryptocurrency capital gains for fiscal 2025.HM Revenue and Customs said 17,600 taxpayers declared 1.38 billion pounds in taxable crypto gains, averaging 78,000 pounds each.HMRC will begin receiving customer data from crypto service providers in 2027 under an international reporting framework, allowing it to cross-check taxpayers’ disclosures.The U.K. tax service said 240 people declared more than 1 million pounds ($1.36 million) each in capital gains from cryptocurrencies in fiscal 2025, the first year the figures were required in personal tax returns, for a total of 717 million pounds.HM Revenue and Customs (HMRC) said 17,600 people, almost 90% of them men, declared taxable crypto disposals for the year ended April 5, 2025. The total taxable gains from digital assets amounted to 1.38 billion pounds ($1.77 billion), an average of 78,000 pounds per person.The figures are the first time HMRC has broken out crypto capital gains, following the introduction of a dedicated section in the U.K.'s self-assessment return.The tax authority has begun implementing the Cryptoasset Reporting Framework, an Organisation for Economic Cooperation and Development (OECD) standard requiring crypto service providers to report customer data to tax authorities. HMRC will start receiving that data in 2027, allowing it to cross-check information provided by taxpayers.HMRC said its compliance and education activity generated an additional 168 million pounds ($228.2 million) in capital gains tax in 2024-25 alone.12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report